In August, developer GRIN announced that they had filed for bankruptcy and put the Woolfe IP up for auction, with Kickstarter rewards unable to be sent out due to a lack of funds.

Today, Sniper Elite developer Rebellion announced that they’ve purchased the Woolfe IP and will be delivering Kickstarter rewards to backers. Here’s what they wrote in a new Kickstarter update:

It has been a difficult time for those involved with Woolfe and for you, the backers, but today we’re writing to tell you that Woolfe is still alive, and now in the hands of a new owner, Rebellion – that’s us! We’re delighted to add Woolfe’s gorgeous, twisted universe to our burgeoning list of indie games and we hope you’ll join us for the ride.

With the Woolfe purchase, Rebellion received access to many of the unsent Kickstarter rewards, and they are planning on delivering everything by the end of 2015.

“We’ve still got to do a full stock-take of exactly what rewards we have, and which rewards we’ll have to produce ourselves,” they add, “but for now it looks very likely we’ll be able to provide all outstanding physical add-on rewards at no further cost to backers.”

As for the future of Woolfe, Rebellion couldn’t confirm if the PlayStation 4 or Xbox One versions of The Red Hood Diaries will still happen:

Woolfe is built in Unreal Engine 3, which is completely separate to and incompatible with Rebellion’s own in-house game engine, Asura. For now it’s too early to say if we’ll be able to support the original Woolfe game in the future. That includes development of the previously mooted console versions, but we’ll be sure to look at and consider all possibilities as we evaluate what to do next.

Since Rebellion only just purchased Woolfe, it’s “too early to say yet” if they’ll create Volume 2. “Part of our purchase does include assets from a second volume of Woolfe that was in development, but the new game was far from being finished.”